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A Farm Progress policy report says the farm outlook is stabilizing but not promising, with USDA's 2017 farm income estimate at $63.4 billion. USDA's initial projections show corn prices rising slowly from $3.20 per bushel to $3.60 by 2027.
The long, slow price climb in USDA projections signals limited upside for corn and feed costs, and the pending farm bill and trade policy remain open risks.
farmprogress.comBrad LubbenDec 5, 2017After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
